The EV connector market size was valued at US$ 2.59 billion in 2024 and is expected to reach US$ 12.40 billion by 2031; it is estimated to register a CAGR of 25.3% during 2025–2031. Advancements in EV connector manufacturing technology are likely to remain a key EV connector market trend.
The growing emphasis on road safety and the rapid development of autonomous driving technologies are driving increased demand for advanced driver assistance systems (ADAS) such as lane departure warning, blind-spot monitoring, and automatic emergency braking. These systems depend on a network of sensors and actuators, which require reliable, high-performance EV connectors to function seamlessly. Additionally, innovations in lighting technologies, including adaptive headlights and LED systems, are fueling the need for more compact connectors. Alongside ADAS and advanced lighting, battery management systems (BMS) require multiple connectors to effectively monitor and manage the complexities of modern battery packs. Furthermore, high-voltage systems demand specialized connector designs to ensure both safety and operational efficiency.
An EV connector is the physical interface (plug and socket) that connects an electric vehicle to a power source (charging station) to recharge its battery. It is the hardware that allows electricity to be transferred from the charging station to the vehicle's battery. An EV connector plays a critical role in the broader ecosystem of electric vehicle (EV) technology, directly impacting the advanced driver assistance systems (ADAS), safety, battery management, and overall vehicle performance. From a business perspective, the connector serves as a pivotal interface that ensures efficient, reliable, and secure power delivery, optimizing the vehicle's charging infrastructure while aligning with safety and operational standards. EV connectors are integral to ensuring smooth communication between the vehicle's charging infrastructure and its advanced driver assistance systems (ADAS). Many modern EVs incorporate smart charging capabilities, where the vehicle may interact with charging stations to optimize energy consumption based on ADAS features, such as predictive navigation or route planning.
The rapid growth of the electric vehicle (EV) industry is driving significant demand for EV connectors, as these components play a crucial role in the charging infrastructure, ADAS, and vehicle safety systems that support EV adoption. As per the International Energy Agency (IEA), in 2023, nearly 14 million new electric vehicles (EVs) were registered globally, bringing the total number of electric cars on the road to 40 million, aligning closely with the sales projections outlined in the 2023 edition of the Global EV Outlook (GEVO-2023). This marks a significant 35% year-on-year increase, with 3.5 million more electric cars sold compared to 2022. The sales figure for 2023 is more than six times higher than it was in 2018, just five years earlier. On average, over 250,000 new electric cars were registered each week in 2023, surpassing the total number of registrations from 2013, a decade ago. Electric vehicles represented approximately 18% of all car sales in 2023, up from 14% in 2022 and just 2% in 2018. This growth highlights the continued strength of the electric vehicle market as it matures. Additionally, battery electric vehicles (BEVs) accounted for 70% of the total electric car stock in 2023.
According to research conducted by the US Department of Energy (DOE), the rising demand for plug-in electric vehicles and other electricity-dependent technologies might raise the load on power networks by up to 38% by 2050. Vehicle-to-grid (V2G) technology is a smart charging technology that allows automobile batteries to provide energy back into the power grid. In essence, these high-capacity batteries are seen as backup storage cells for the electrical grid rather than just equipment for powering EVs. This configuration employs bidirectional charging stations to push and draw energy to and from linked automobiles based on the demand for electricity at any given time. In addition, the V2G technology helps power companies expand their capacity to meet peak demand. This extended, bidirectional grid provides a more efficient model of power delivery. For example, it was discovered that without V2G infrastructure, deploying 1 million EVs in the Guangzhou region of China would minimize the gap between peak and valley load times by 43%. With V2G in place, that reduction would rise to 50%. With the growing demand for vehicle-grid integration, the requirement for advanced EV connectors is also increasing, as the vehicle-grid integration system requires advanced connectors capable of handling bidirectional power flow. Thus, the growing vehicle-grid integration is expected to create an opportunity for the growth of the EV connector market
Key segments that contributed to the derivation of the EV connector market analysis are type, connection type, application, propulsion type, and voltage.
The regional trends and factors influencing the EV Connector Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses EV Connector Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 2.59 Billion |
| Market Size by 2031 | US$ 12.40 Billion |
| Global CAGR (2025 - 2031) | 25.3% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The EV Connector Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the EV Connector Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The EV connector market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the EV connector market are listed below:
(Source: TE Connectivity, Press Release, September 2025)
The "EV Connector Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
The global EV Connector market is expected to reach US$ 12.39 billion by 2031.
The global EV Connector market is estimated to register a CAGR of 25.3% during the forecast period 2025–2031.
Sealed connector segment dominated the EV Connector market in 2024.
Growing EV industry, increasing integration of electronics and infotainment systems in automotive vehicles are the major factors that propel the global EV Connector market.
Advancements in EV connector manufacturing technology to play a significant role in the global EV Connector market in the coming years.
The key players holding majority shares in the global EV Connector market are Aptiv PLC, Amphenol Corporation, Molex LLC, TE Connectivity, and Sumitomo Corporation.